Buying a REO Foreclose Condo: What questions to ask?

Posted on August 16, 2009 by IC N in Residential

I am in the process of buying my first home a condo. I found the Perfect condo in a prime area; however, the condo needs a little cosmetic rehab. since I am new to this process, what are some questions that I need to ask before I decide to make a offer and sign the contract. The listing price for condo is approx 78,000 but I was told I can negotiate lower. Any suggestions is greatly appreciated. Thanks.